Monthly Rent Report
South LA Rent Report — February 2024
Asking rents in ZIP 90007, Los Angeles, from 1,072 listings.
Median 1BR rent in South LA was $1,961 in February 2024, up 12.1% (+$211) from January 2024 and up 0.6% year-over-year. The middle half of 1BR listings asked between $1,750 and $2,300. That puts South LA $234 below the Los Angeles citywide 1BR median of $2,195. The month's figures are based on 1,072 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,925 | +$75 (+4.1%) | +$325 (+20.3%) | $1,750 – $1,968 | 35 |
| Studio | $1,875 | +$25 (+1.4%) | +$275 (+17.2%) | $1,590 – $2,000 | 132 |
| 1BR | $1,961 | +$211 (+12.1%) | +$11 (+0.6%) | $1,750 – $2,300 | 189 |
| 1BR | $2,407 | +$657 (+37.5%) | +$457 (+23.4%) | $2,407 – $2,407 | 1 |
| 2BR | $3,052 | +$202 (+7.1%) | +$452 (+17.4%) | $2,700 – $3,450 | 251 |
| 2BR | $3,052 | +$202 (+7.1%) | +$452 (+17.4%) | $2,751 – $3,052 | 3 |
| 3BR | $4,995 | +$2,100 (+72.5%) | +$2,095 (+72.2%) | $4,107 – $5,336 | 243 |
| 3BR | $3,395 | +$500 (+17.3%) | +$495 (+17.1%) | $3,363 – $3,395 | 3 |
| 4BR | $6,200 | +$1,000 (+19.2%) | +$700 (+12.7%) | $5,500 – $6,550 | 79 |
| 4BR | $6,250 | +$1,050 (+20.2%) | +$750 (+13.6%) | $6,125 – $6,625 | 3 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
South LA vs. Los Angeles — February 2024
| Bedrooms | South LA Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,925 | $1,750 | +$176 (+10.0%) |
| Studio | $1,875 | $1,750 | +$126 (+7.2%) |
| 1BR | $1,961 | $2,195 | −$234 (-10.7%) |
| 1BR | $2,407 | $2,195 | +$212 (+9.7%) |
| 2BR | $3,052 | $2,850 | +$202 (+7.1%) |
| 2BR | $3,052 | $2,850 | +$202 (+7.1%) |
| 3BR | $4,995 | $3,995 | +$1,000 (+25.0%) |
| 3BR | $3,395 | $3,995 | −$600 (-15.0%) |
| 4BR | $6,200 | $5,000 | +$1,200 (+24.0%) |
| 4BR | $6,250 | $5,000 | +$1,250 (+25.0%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in February 2024.